French Airports Consolidate
Aéroports de la Côte d’Azur (ACA) has purchased the majority of shares of Aéroport du Golfe de Saint-Tropez (AGST), which operates Gulf of Saint-Tropez Airport. With more than 42,500 aircraft movements last year, Cote d’Azur ranks as the second busiest business airport in France behind only Paris Le Bourget, and the new acquisition will add another 7,000 movements to that total. The French Riviera gateway features recently renovated facilities and contributes to the economic development of the region. A study last year recognized the airport’s economic impact at approximately €170 million. “AGST has a recognized expertise in business aviation, including assistance during layovers, with the highest quality of services provided to various clients at the airport, from crewmembers to passengers,” said Michel Tohane, director of ACA’s general aviation business unit.